Hyde Sails Limited

Hyde Sails Ltd from Loughton UK: small company, holding company, active status, founded 44 years ago, 6 employees, £2,581,413 assets, virtual address, 2 directors, 1 owner. Regular importer of various textile products, sets, used clothing, and rags (204 months imported). Irregular exporter of various textile products, sets, used clothing, and rags (2 months exported). It’s a small, family-run business holding assets of £2.6 million, and employs just six people. The company, a holding company, has been around for 44 years, having been incorporated back in November 1980. It operates from a virtual address—meaning many companies share the same location—and is overseen by two directors and a single owner.

Hyde Sails Ltd is primarily involved in importing textile products, including clothing and rags, with a consistent history of importing over the past 17 years. They also occasionally export similar goods, though this is much less frequent. The company’s website, while not actively selling online, provides testimonials from satisfied customers. These reviews highlight the quality of Hyde Sails’ products and the personal service provided by Judy B, the company’s contact. Customers praise the fit, performance, and value of the sails, with many expressing a willingness to return for future purchases.

Financially, Hyde Sails Ltd shows a mixed picture. Current assets have decreased by 24% to £2.6 million, while net assets have plummeted by 25% to £680,000. Bank borrowings have fallen by 28% to £200,000, and cash reserves have dropped by 62% to £89,000. Creditors have decreased by 19%, suggesting better debt management. The company meets two of three criteria to be considered small—turnover under £10.2 million, balance sheet total under £5.1 million, and fewer than 50 employees. The significant drop in equity, however, raises questions about the company’s financial health. The company is exempt from an audit as a small company, so the figures rely on unaudited statements.

Overall, Hyde Sails Ltd appears to be a well-regarded supplier of sailing equipment, but the recent financial trends suggest it may be facing some challenges. The company’s long history and loyal customer base, however, provide a solid foundation for future success.

Registered in England/Wales under the registration number 01530833, with a registered address at IP1 1QJ, England, Ipswich, Suffolk, Third Floor Connexions Building, 159 Princes Street.

WARNING:The numbers have been rounded for simplicity and may be inaccurate.Please, refer to the latest financial report for verification.